Basic FD

Learn more about the regular Fixed Deposit Scheme from TMB.

This is among our earliest higher interest bearing savings scheme where in deposits can be made between 15 days to 120 months. Loans against such deposits are also provided. Interest can be withdrawn monthly / quarterly.

Product Highlights:

• Deposits are accepted for fixed period.
• Account can be opened for a minimum period of 15 days to 120 months.
• Nomination facility is available.
• Simple interest is eligible, depending upon the period of deposit.
• Premature Closing is allowed, subject to penalty if any.
• Loans can be obtained against the deposit amount.
• Interest can be withdrawn in option monthly / quarterly.
• Standing instruction is accepted for transferring the interest.

Deposit Rate of Interest:

• Domestic & Senior Citizen Deposit Rate of Interest.

Deposit Maturity Calculator:

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Interest Rate updated 06^th Jul 2020, subject to change.

An investment of Rs. 1,000.00 for 12 months will fetch you interest at 5.90% p.a. and will give you a maturity value of around Rs. 1,059.00. Interest Earned being around Rs. 4.00 every 1 month / Rs. 14.00 every 3 months.

Download the Application Form:

• Basic FD Application Form (Format: Adobe "PDF" Document)